Ping An Fund's first product with a floating management fee rate has been approved.

Golden Ten Data reported on May 24 that on the evening of May 23, Ping An Fund's first floating management fee rate product, Ping An Value Preferred Hybrid Fund, was approved. The product adopts a daily open operation mode, and the specific floating mode of management fee rate is as follows: when investors redeem fund shares, if the holding period is less than one year, the management fee will be charged at an annual fee of 1.2%; If the holding period reaches one year or more, when the investor withdraws, the corresponding management fee rate will be determined according to the annualized rate of return during the holding period of the fund. If the annualized excess rate of return relative to the performance benchmark during the holding period exceeds 6% and the holding rate of return is positive, the management fee will be recognized at an annual rate of 1.50%; If the annualized excess rate of return during the holding period is -3% or below, the management fee will be recognized at an annual rate of 0.60%; In other cases, the management fee is recognized at an annual rate of 1.20%.